Summary and analysis of Johanneburg's current industrial real estate market conditions.
Insight
Johannesburg Industrial Market Dynamics, Q4 2024
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Modern industrial properties, especially in hi-tech nodes and suitable for logistics and urban-logistics users are in high demand. Vacancies within this segment of the market are at historic lows.
Technological advancements and a drive to improve efficiencies are resulting in warehousing becoming obsolete at faster rates.
Rental growth is moderating, with prime rentals currently at or near their apex. Persistently low economic growth limits tenants’ ability to cover even higher rates.